Hackers Are Selling Facebook Credentials on the Dark Web For $3 (nypost.com)

Hackers are selling Facebook logins for just $3 on the dark web, according to new research. From a report: The study by Money Guru found that Facebook logins can be bought for as little as 2.30 Pound ($3), with the report coming just hours after it was revealed that an enormous data breach has left at least 50 million Facebook accounts compromised. The research also found that hacked email logins are also being flogged on dark web marketplaces, which are easily accessible to anyone with the right browser and web addresses. Even financial data is being sold cheaply, with credit card information available for as little as $14 and debit card information for $19.50. The research was looking into the availability of logins for sale for the 26 most commonly used online accounts.

Comments

There's a Good Reason it's Cheap

[natetheokay]

Converting stolen credentials into actual money is hard. Since banks can repudiate and reverse password-enabled transfers you have to have a mule to be left holding the (empty) bag when the bank reverses the transfer. Microsoft had an interesting whitepaper on the topic a few years back: https://www.microsoft.com/en-u...

Re: Okay, I'll ask the stupid question

[LordWabbit2]

Because a LOT of people use Facebook authentication for OTHER websites, if one of them happens to be an e-commerce site you can then use their saved credit card details to buy stuffs, or stalk them etc.